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What is a Mortgage Lender?
A mortgage lender is the person or institution that lends the money for a mortgage.

Traditional mortgage lenders (also known as direct lenders) include banks and credit unions, and online mortgage lenders have recently become more prominent.

The main difference between banks and credit unions is that banks are privately owned, for-profit business and credit unions are member owned, not-for-profit institutions whose profits serve to benefit the members.

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